When people learned that SunTrust and BB&T; were planning to merge, often the first question they would ask Jenna Kelly, president of the Georgia division of SunTrust, was, “What will happen to SunTrust Park?”

The trustees and the Tar Heels will soon be gone. The four-level, 89,000-square-foot Sutton Center for football and other sports is connected to McCreary Field House (completed in 2016), which houses the Deacons' indoor football practice field.

Sharonview Federal Credit Union named Jim Edwards as its next chief financial officer. The two will work together over the coming months to ensure a smooth transition, Sharonview said. Prior to his new role at Sharonview, Edwards was the CFO at Chartway Federal Credit Union in Virginia Beach, Virginia.

The $66 billion merger of Atlanta-based SunTrust Banks Inc. (NYSE: STI) and Winston-Salem, North Carolina-based BB&T Corp. (NYSE: BBT) into Truist Bank will also mean a leadership shuffle in Greater Washington. Evelyn Lee, SunTrust's head of senior care finance, will become the regional president for Greater Washington for Truist, SunTrust confirmed to me. Meanwhile, SunTrust Mid-Atlantic Division President Dan O'Neill will become Truist's Virginia East regional president, which includes Richmond, Hampton Roads and Fredericksburg.

New York, August 30, 2019 -- Moody's Investors Service ("Moody's") said today that the review for downgrade of BB&T Corporation's ratings (senior at A2) and the review for upgrade of SunTrust Banks, Inc.'s ratings (senior at Baa1) continues as their pending merger progresses.

The BB&T Leadership Institute will name its 60,000-square-foot Greensboro campus The Kelly S. King Center, recognizing BB&T’s chairman and chief executive officer. BB&T’s board of directors recommended and approved the new campus name in honor of King’s career-long dedication to leadership development within both BB&T and the communities it serves. “The BB&T Leadership Institute was born out of Kelly’s strong belief that one of the best ways to improve our communities is by lifting up and developing strong leaders in all facets of society," said Nido Qubein, a BB&T director.

GREENSBORO, N.C., Aug. 29, 2019 /PRNewswire/ -- The BB&T Leadership Institute today announced it will name its 60,000-square-foot Greensboro campus The Kelly S. King Center, recognizing BB&T's chairman and chief executive officer. BB&T's board of directors recommended and approved the new campus name in honor of King's career-long dedication to leadership development within both BB&T and the communities it serves. "The BB&T Leadership Institute was born out of Kelly's strong belief that one of the best ways to improve our communities is by lifting up and developing strong leaders in all facets of society," said BB&T Director Nido Qubein.

Since late July, Square (NYSE:SQ) stock has been in a funk. Consider that shares have dropped from $82 to $63 in less than 30 days. In fact, for the past 12 months, the return is a miserable loss of 20%.Source: Jonathan Weiss / Shutterstock.com This is certainly in stark contrast to 2016 to late 2018, when SQ stock was mostly in the bull phase. Interestingly enough, mature operators like Visa (NYSE:V) and PayPal (NASDAQ:PYPL) have done much better during the past year.Now the recent drop could easily be temporary. After all, Square remains a top player in the lucrative fintech category, which is a $100-plus trillion market opportunity. So yes, there is lots of room for plenty of players.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSQ has also been adept at expanding on its core payments platform. The company has expanded into areas like payroll, gift cards, loyalty programs, marketing services, e-commerce, business loans and so on. More importantly, Square has been effective in monetizing these services. During the latest quarter, subscription and service revenues spiked by 87% to $251 million. * 10 Companies Using AI to Grow All great, right? Yes, this is true. But I still think investors should be cautious. There are actually some nagging issues that could easily weigh on SQ stock. The Problems with Square StockTake a look at the Cash App. On the face of it, it looks like a solid business, with revenues of $260 million in the quarter. But if you look deeper, you'll notice that a hefty $135 million came from bitcoin activities.No doubt, this segment can be highly volatile. It's not uncommon to see major swings in the value of bitcoin. So, if there is another drop, it could make it tough for SQ to hit its growth targets.In the meantime, the competition in the fintech market is getting more intense. Venture capitalists continue to pour billions into fast-growing startups, presenting potential challenges to Square stock.But there has also been innovation from traditional players like Bank of America (NYSE:BAC), BB&T (NYSE:BBT), Capital One (NYSE:COF), JPMorgan (NYSE:JPM), PNC Bank (NYSE:PNC), US Bank (NYSE:USB) and Wells Fargo (NYSE:WFC).Keep in mind that these companies are the backers of Zelle, which is a successful person-to-person payments app. It has certainly benefited from the substantial financial resources, technical talent and vast distribution.Yet I think the biggest risk factor for SQ stock is a potential recession. Granted, the U.S. economy has proven to be resilient. But there are more and more ominous signs. These include the fall off in real estate and manufacturing as well as the inversion of the yield curve.If a recession hits - or there is a notable slowdown - the impact on Square stock could be particularly severe. The company's main user base is small businesses, which are the most vulnerable.Square even included this in its 10-K:Small businesses frequently have limited budgets and limited access to capital, and they may choose to allocate their spending to items other than our financial or marketing services, especially in times of economic uncertainty or in recessions. Bottom Line on SQ StockEven with the fall in SQ stock, the valuation is far from cheap. Consider that the forward price-earnings ratio is about 56 times.True, the growth rate has continued to be strong. During the second quarter, revenue spiked by 46% to $563 million.But again, this growth could easily decelerate if the economy stumbles. If anything, the latest fall in SQ stock is an indication of how sensitive Wall Street is. So even a small change could have an adverse impact.So for now, it's probably better to hold off and wait for a better valuation.Tom Taulli is the author of the book, Artificial Intelligence Basics: A Non-Technical Introduction. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Companies Using AI to Grow * The 10 Biggest Winners From Second-Quarter Earnings * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk The post Square Stock Has Gotten Cheaper, But Not Cheap Enough appeared first on InvestorPlace.

Wake Forest University's new production studio facility for athletic telecasts on the ACC Network (NYSE: DIS) is hidden away at one of the athletic department's major playing venues. The tiny plate outside the former visitors' clubhouse off the right-field line at David F. Couch Ballpark is the only indication that a television studio facility – not a locker room with showers – is on the other side of the concrete blocks. For the launching of the ACC Network, which debuted Thursday, Wake Forest built the 3,100-square-foot studio facility in the former baseball clubhouse to coordinate and produce telecasts of all Demon Deacon sports for the new network.

SunTrust Banks Inc. and BB&T Corp. have picked a SunTrust executive to lead operations in Maryland if they are able to close their mega-merger. Greg Farno, currently the Baltimore market president for SunTrust, will become Maryland regional president of Truist — the name the banks have chosen for the combined entity. Farno's appointment will take effect upon the legal close of the proposed $66 billion deal.

As a former BB&T branch manager awaits sentencing on bank fraud and identity theft charges, the feds are moving forward with plans to forfeit his alleged proceeds. Tony McElveen pleaded guilty in May to bank fraud and aggravated identity theft in connection to a two month-scheme that, according to federal authorities, victimized two elderly BB&T customers. McElveen, a former branch manager in Robeson County, is alleged to have used his position to steal the personal identification information of two customers.

Orrstown Bank has brought on another veteran banker from BB&T Corp. to fill a key role as it looks to make a further push in Maryland. Thomas A. Sychuk, BB&T's commercial real estate market manager in Maryland for the last three years, has been named senior vice president and commercial banking director for Orrstown Bank. In the role he will be responsible for overseeing the Shippensburg, Pennsylvania-based bank's commercial activities in Maryland.

Triangle Business Journal’s latest list of largest publicly traded companies combined for a market cap of $772 billion, down slightly from the $780 billion total a year ago. They are the subject of this week's top list.

Though Saturdays will be quiet around BB&T (NYSE: BBT) Field on the first two home football weekends at Wake Forest, John Currie, the Demon Deacons' new athletic director, expressed optimism that an historic schedule will translate into increased ticket sales. Speaking Tuesday to the Rotary Club of Winston-Salem, Currie touted a home slate including North Carolina, N.C. State and Duke – all at BB&T Field – while making a pitch to the Triad community to support the Deacons, who are coming off a 7-6 season that included late-season victories at N.C. State and Duke prior to a Birmingham Bowl triumph over Memphis. Currie said Wake Forest – a private university with the smallest undergraduate enrollment, the smallest football stadium and the smallest football revenues among the NCAA's 65 "Power 5 conference" schools – is making a concerted effort to increase support from outside the university community and alumni base.